Tuesday, February 14, 2012

Cosco

Cosco: Counter is still on an uptrend but looks like it might come down soon. Bearish divergences seen in all 3 indicators. While both RSI and Stochastics have not retreated from overbought lvls, the ADX is starting to flatten and MACD is on the verge of turning negative as well. See support at $1.21, fibo retracement lvl and recent resistance-turned-support.

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